Dec, 31, 2023 — FEDEX EMPLOYEES CREDIT ASSOCIATION is a federal credit union headquartered in MEMPHIS, TN with 9 branch locations and about $647.92 million in total assets. Opened 50 years ago in 1974, FEDEX EMPLOYEES CREDIT ASSOCIATION has about 100,549 members and employs 123 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FEDEX EMPLOYEES CREDIT ASSOCIATION |
|---|---|
| Address: (Main Office) | 2731 S Nonconnah Blvd MEMPHIS, TN 38132-2110 |
| Phone: | (901) 344-2500 |
| Fax: | (901) 332-1022 |
| Website: | https://fecca.com |
| Branches: | 9 branch locations |
| Members: | 100,549 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 21751 |
|---|---|
| Membership Type: | Service - Transportation |
| Corporate Credit Union: | No |
| Year Opened: | 1974 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $647,924,999 |
| CEO/Manager: | Tara Burton |
| Chairperson: | Lea M Caraway |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 34,827,540 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 285,000 |
| Real Estate Loans | 111,069,746 |
| Unsecured Loans | 43,882,693 |
| Other Loans | 121,777,496 |
| TOTAL LOANS | 304,807,820 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,199,106 |
| Land And Building | 0 |
| Other Fixed Assets | 3,851,653 |
| NCUSIF Deposit | 5,353,214 |
| All Other Assets | 342,015 |
| TOTAL ASSETS | 647,924,999 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 147,824 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 27,081,318 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 81,756,377 |
| Regular shares | 236,438,974 |
| All Other Shares & Deposits | 214,832,849 |
| TOTAL SHARES & DEPOSITS | 533,028,200 |
| TOTAL LIABILITIES | 560,257,342 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 87,667,657 |
| TOTAL EQUITY | 87,667,657 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 647,924,999 |
| INCOME & EXPENSE | |
| Loan Income | 15,724,876 |
| Investment Income | 4,867,444 |
| Other Income | 6,216,282 |
| Total Employee Compensation & Benefits | 10,247,166 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 14,366,457 |
| Non-operating Income & (Expense) | -49,237 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,407,000 |
| Cost of Funds | 3,921,627 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,291,628 |
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